Ethereum  Technical Analysis: ETH/USD stubborn barrier in the way of $200

• Ethereum price on Tuesday is trading in very minor negative, losses of just some 0.05%.
• ETH/USD via the daily is moving within an ascending channel formation.
• A chunky barrier is seen ahead of the big psychological $200 price territory.  

Spot rate:                  175.05

Relative change:       -0.05%

High:                          184.08

Low:                           171.98

ETH/USD 60-minute chart

• Vital near-term support eyed at $172-170 range via the 60-minute, a breach could drop back down to $160.

ETH/USD daily chart

• Price action via the daily is moving within an ascending channel formation. Chunky supply is seen heading into the $200 price territory.